download the template

PDF version Word version

about this template

This document is intended for use where the directors of a company are approving the raising of money by the company in the form of a convertible instrument.

This document assumes that directors will sign a written resolution, rather than hold a board meeting.  As such, it must be signed by all directors of the company.  The directors who sign the resolution will also need to sign a directors’ certificate that complies with section 49 of the Companies Act 1993 (the form of that certificate follows the resolutions set out in this document).

The company must notify the Registrar of Companies of the issue of any new shares upon conversion of the investment amount within 10 working days after the shares are issued.  This can be done online via the Companies Office website.

using our templates

Use of a template by business users is free of charge and is subject to you agreeing to our template terms of use.